Can I buy back my home after a foreclosure sale?

Yes, it is possible to buy back your home after a foreclosure sale in Massachusetts. This is referred to as a “redemption period.” A homeowner has up to one year after the foreclosure sale to redeem, or buy back, their property. To be able to do this, you will need to pay back all money due to the lender plus any other costs that were incurred in the process of foreclosing on your home. In order to get a redemption period, you must sign and record with the Registry of Deeds a notice of redemption. This must be done within thirty days of the foreclosure sale. After you have recorded the notice of redemption, you can start to get the financial resources you need to pay back the foreclosure costs. The redemption period is not an easy process and it can be intimidating, but it is a great way to get your home and property back in your name. It is important to remember that although you have a one year period to redeem your home, the lender may start to take actions to evict you immediately after a foreclosure sale. Therefore, you should make sure to fully understand the redemption process and your options in Massachusetts.

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Can I buy back my home after a foreclosure sale?

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